Cryptocurrency

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

(source: en.wikipedia.org)

Cryptocurrency
FTX Founder Says Bitcoin Fails as Payments Network
May 16, 2022

Bitcoin’s future as a payments network is weak due to its inefficiency, high environmental impact and lack of ability to scale, CEO and founder of crypto exchange FTX Sam Bankman-Fried told the Financial Times in a Monday (May 16) report. Get the Full Story Complete...

Cryptocurrency
Crypto Trading Platform Elwood Technologies Backed by Goldman, Barclays
May 15, 2022

Goldman Sachs and Barclays have invested in crypto trading platform Elwood Technologies, which was founded by Alan Howard, a British hedge fund billionaire, The Financial Times reported Sunday (May 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cryptocurrency
Today in Crypto: Binance, OKX Delist LUNA and UST; International Investigators Suspect $1B Crypto Ponzi...
May 15, 2022

Binance announced Friday (May 13) that it is suspending spot trading for LUNA and UST, which will be lifted when the network becomes stable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
PYMNTS Crypto Basics Series: What’s a Native Token, Non-Native Token and White-Label Crypto?
May 15, 2022

Bitcoin, blockchain and cryptocurrency are words that most people have at least heard of since the industry exploded into the mainstream public consciousness over the last year-and-a-half. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Stablecoin Collapse Heightens Calls for Crypto Controls Worldwide
May 13, 2022

Calls for global cryptocurrency regulation are growing louder and could be in place within a year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Cryptocurrency
Spooked by Stablecoin’s Collapse, Investors Flee DeFi
May 13, 2022

The collapse of the TerraUSD stablecoin may have claimed another victim: The staking and lending platforms at the heart of decentralized finance (DeFi). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Ex-Meta Exec David Marcus Launches Crypto Payments Startup
May 13, 2022

Former Meta executive David Marcus — head of Facebook’s stablecoin Diem efforts — is launching a new cryptocurrency payments startup on the Lightning Network called Lightspark. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
FTX CEO Now Owns 7.6% of Robinhood in $482M Deal
May 13, 2022

FTX CEO Sam Bankman-Fried has reportedly taken a big position in brokerage app Robinhood, Coindesk wrote Thursday (May 12), citing a Securities and Exchange Commission (SEC) filing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
SEC’s Peirce Anticipates Stablecoin Regulations in Wake of Terra Tumble
May 13, 2022

According to a top official at the Securities and Exchange Commission (SEC), there could be stricter rules imminent for crypto stablecoins, Reuters reported Thursday (May 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...